This 37-year-old Makes $100,000 in Austin, But Lives In His Truck And Rents Out His Condo For Extra Money
Bryce Dishongh never had a desire to become a homeowner. However, as his rent surged up every year, he grew weary and wanted to have his own place to fix that problem. Really, his main reason was for his rent to stay at a static rate for the foreseeable future, but he went on to achieve more than that. To discover more of his story, keep on reading!
A simple home-buying process
Dishongh’s process of buying a house was quite straightforward. Instead of watching his $1,200 rent rise, he sensed that it was more financially reasonable to invest in a fixed mortgage payment. He asked a realtor friend for help and quickly started looking at condos that cost around the same price as his rent—counting extras from realty taxes to homeowners association fees. He had some savings to meet a small down payment, anyway.
In 2017, Dishongh finally bought a 600-square-foot home. It was a one-bed condo located in Austin, Texas, and he secured it for $140K, with a down payment of only $6K, or around 4.2%. Dishongh personalized it, putting in customized cabinets, a wooden canopy, and a built-in counter that’s perfect for his towering frame. He’s no professional woodworker, so he watched endless hours of YouTube instructional videos—searching the internet and employing critical thinking as he went. Overall, he spent another $9K for renovations.
Staying chill and working remotely
Dishongh also aspired for a full-time van life to travel the United States while working remotely. But after a few calculations, he found out it would take more than two years for his expenses to even out. So, Dishongh rented out his condo via Airbnb and lived out the majority of his time inside the solar-powered camper he constructed with his 2018 Chevy Colorado. He could now just hop in and take a mini-adventure whenever he feels like it.
Dishongh splurged around $6K furnishing the camper, which looks like his condo’s miniature version, from the wooden panels to the retractable cover he uses for watching movies. Lining the perimeter are sparkling Christmas lights and tucked away in the back is a rolled-up camp mattress. A battery was also installed into the bed of the truck for powering fans, lights, and some electronics. He devised a ventilation system, lining it with hardwood flooring, too!
A new life worth living!
All the sacrifices Dishongh made were worth it. Thanks to his income-generating Airbnb listing, he makes $1,700/month if he only uses his gym to shower. He puts in all the money into his mortgage principal, and he contributes about an extra of $1,500/month on average. The 37-year-old also makes over $100K/year with his full-time senior front-end developer work, his pet portraiture business, and part-time doggy daycare job.
Although Dishongh spends most of his time in his camper, instead of his condo, he’s currently content with his lifestyle. However, he still looks forward to when he finally pays off his condo in full, hopefully within the next 10 years. Freedom is his #1 goal today!
More in Business
-
Celebrity Couples Where the Woman Has a Higher Net Worth
In a world where gender roles and financial dynamics constantly shift, it’s not unusual to find celebrity couples where the woman...
October 27, 2023 -
Why the Gender Pay Gap Could Be Worsening
Picture this: Two college students, Alex and Charlie. Both are bright, have the same interests, and are ready to embrace the...
October 19, 2023 -
JC Penney’s Remarkable $1 Billion Revival Plan
In a remarkable turnaround, JC Penney unveiled a bold $1 billion revival plan, breathing new life into a brand that faced...
October 12, 2023 -
Shattering the American Dream: Mortgage Rates, Inflation & Cost of Living
You know that feeling when you are dreaming of something you have wanted for so long, only to watch it vanish...
October 6, 2023 -
Navigating the Workplace Dynamics With Generation Z
With the entry of Generation Z (born from 1997 onwards) into the workforce, a fresh breeze has swept through office spaces....
September 22, 2023 -
Why Businesses No Longer Offer Perks and Freebies
Have you noticed a shift in how companies are doling out customer perks and rewards? It’s not just your imagination—there’s a...
September 15, 2023 -
Paying Off Your Debt Through a Home Equity Loan | Is It a Good Idea?
Debt can be overwhelming, and finding ways to pay it off can be difficult. One solution that many homeowners consider is...
September 7, 2023 -
The Benefits of Doodling for Creativity and Concentration
Doodling, once seen as a mindless distraction or a sign of boredom, has now emerged as a powerful tool for enhancing...
September 2, 2023 -
How to Spot Job Scams
We all want to find our dream job, but the pursuit of employment can lead us into some sticky situations. With...
August 24, 2023
You must be logged in to post a comment Login